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Financial Instruments (Tables)
 9 Months Ended
Oct. 31, 2020
Investments, All Other Investments [Abstract]  
Summary of financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category
The following tables summarize the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of October 31, 2020, and January 31, 2020:
 
October 31, 2020
(in millions)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueLevel 1Level 2Level 3
Cash equivalents (1):
Commercial paper $34.0 $— $— $34.0 $— $34.0 $— 
Money market funds817.8 — — 817.8 817.8 — — 
Other (2)6.5 — — 6.5 4.0 2.5 — 
Marketable securities:
Short-term available for sale
Other (3)4.0 — — 4.0 — 4.0 — 
Short-term trading securities
Mutual funds (4)64.1 10.8 (0.4)74.5 74.5 — — 
Strategic investments derivative assets (5)1.8 1.5 (0.2)3.1 — — 3.1 
Derivative contract assets (5)0.4 6.4 (0.3)6.5 — 6.5 — 
Derivative contract liabilities (6)— — (13.7)(13.7)— (13.7)— 
Total$928.6 $18.7 $(14.6)$932.7 $896.3 $33.3 $3.1 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities with stated contractual maturities due within one year.
(2)Consists of custody cash deposits, municipal bonds, and certificates of deposit.
(3)Consists of commercial paper and municipal bonds.
(4)See Note 12, "Deferred Compensation " for more information.
(5)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
(6)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2020
(in millions)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueLevel 1Level 2Level 3
Cash equivalents (1):
Agency bonds
$6.0 $— $— $6.0 $— $6.0 $— 
Commercial paper36.8 — — 36.8 — 36.8 — 
Money market funds 1,135.5 — — 1,135.5 1,135.5 — — 
Other (2)2.3 — — 2.3 1.3 1.0 — 
Marketable securities:
Short-term trading securities
Mutual funds (3)59.9 9.2 (0.1)69.0 69.0 — — 
Strategic investments derivative asset (4)0.1 0.5 — 0.6 — — 0.6 
Derivative contract assets (4)1.0 9.2 (1.3)8.9 — 8.9 — 
Derivative contract liabilities (5)— — (4.7)(4.7)— (4.7)— 
Total$1,241.6 $18.9 $(6.1)$1,254.4 $1,205.8 $48.0 $0.6 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities with stated contractual maturities due in one year.
(2)Consists of custody cash deposits and certificates of deposit.
(3)See Note 12, “Deferred Compensation “ for more information.
(4)Included in “Prepaid expenses and other current assets,” or “Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets.
(5)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
Schedule of equity securities without readily determinable fair value
Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative were as follows:
 Nine Months Ended October 31,Cumulative Amount as of
(in millions)20202019October 31, 2020
Upward adjustments (1)$3.0 $2.5 $12.4 
Negative adjustments, including impairments (1)(36.2)(4.3)(45.2)
Net adjustments$(33.2)$(1.8)$(32.8)
____________________ 
(1)Included in "Interest and other expense, net" on the Company's Condensed Consolidated Statements of Operations.
Summary of location and amount of gain or (loss) recognized
The location and amount of gain or loss recognized in income on cash flow hedges together with the total amount of income or expense presented in the Company's Condensed Consolidated Statements of Operations where the effects of the hedge are recorded were as follows for the three and nine months ended October 31, 2020 and 2019:

Three Months Ended October 31, 2020
Net revenueCost of revenueOperating expenses
(in millions)Subscription revenueMaintenance revenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded
$884.4$39.8$60.7$359.3$233.0$98.8
Gain on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of (loss) gain reclassified from accumulated other comprehensive income into income$(0.3)$0.1$0.4$1.6$0.3$0.7

Nine Months Ended October 31, 2020


Net revenueCost of revenueOperating expenses


Subscription revenueMaintenance RevenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded

$2,528.6

$153.1

$176.6

$1,051.5

$682.9

$296.8













Gain on cash flow hedging relationships in Subtopic ASC 815-20












Foreign exchange contracts












Amount of gain reclassified from accumulated other comprehensive income into income

$3.4

$0.7

$0.1

$0.3

$0.2

$0.1
Three Months Ended October 31, 2019
Net RevenueCost of revenueOperating expenses
(in millions)Subscription RevenueMaintenance RevenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded
$715.0$91.2$54.2$330.7$213.0$99.1
Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income
$3.3$1.6$(0.4)$(1.0)$(0.1)$(0.5)
Nine Months Ended October 31, 2019
Net revenueCost of revenueOperating expenses
Subscription revenueMaintenance RevenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded
$1,974.5$306.7$166.9$960.8$634.0$299.6
Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income
$8.7$4.7$(0.7)$(3.4)$(0.6)$(1.7)
Schedule of fair values of derivative instruments
The fair values of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of October 31, 2020, and January 31, 2020:
 Balance Sheet LocationFair Value at
(in millions)October 31, 2020January 31, 2020
Derivative Assets
Foreign currency contracts designated as cash flow hedges
Prepaid expenses and other current assets$5.7 $1.0 
Derivatives not designated as hedging instrumentsPrepaid expenses and other current assets and long-term other assets3.9 8.4 
Total derivative assets$9.6 $9.4 
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges
Other accrued liabilities$11.8 $2.8 
Derivatives not designated as hedging instrumentsOther accrued liabilities1.9 1.9 
Total derivative liabilities$13.7 $4.7 
Schedule of derivatives designated as hedging instruments
The effects of derivatives designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2020 and 2019 (amounts presented include any income tax effects):
 Foreign Currency Contracts
Three Months Ended October 31,Nine Months Ended October 31,
(in millions)2020201920202019
Amount of gain (loss) recognized in accumulated other comprehensive loss on derivatives (effective portion)
$6.7 $(0.4)$(6.8)$2.7 
Amount and location of gain (loss) reclassified from accumulated other comprehensive loss into income (effective portion)
Net revenue$(0.2)$4.9 $4.1 $13.4 
Cost of revenue0.4 (0.4)0.1 (0.7)
Operating expenses2.6 (1.6)0.6 (5.7)
Total$2.8 $2.9 $4.8 $7.0 

The effects of derivatives not designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2020 and 2019 (amounts presented include any income tax effects):
 Three Months Ended October 31,Nine Months Ended October 31,
(in millions)2020201920202019
Amount and location of (loss) gain recognized on derivatives in net income
Interest and other expense, net$(0.8)$1.5 $(6.2)$3.2